Multiple Choice
Which of the following statements is correct?
A) If detection risk is high, significant substantive procedures are necessary to reduce detection risk.
B) There is an inverse relation between the auditor's assessed risk of material misstatement and detection risk.
C) There is no relation between the auditor's assessed risk of material misstatement and detection risk.
D) If detection risk is low, only a small number of substantive procedures are necessary to reduce the detection risk.
Correct Answer:
Verified
Correct Answer:
Verified
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Q4: Which of the following factors would most
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Q7: Typically, substantive testing tends to be performed<br>A)
Q9: Performing substantive procedures prior to year end,
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Q11: Which of the following examples of substantive
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